Jingye, the Chinese industrial conglomerate has bought British Steel for £50m which could save up to 4000 jobs and end months of uncertainty at the second largest UK steelmaker, which collapsed in May 2019. It is an irony that ultimately it was upto a Chinese firm to rescue British Steel, given the fact that they…
Indian stocks wobbled on their record hype after the New York based credit rating agency, Moody’s lowered its outlook for the country to negative, citing concern over a deepening economic slowdown and insufficient government action. According to Moody “ the government’s inability to manage the slowdown, which has seen growth in gross domestic product fall…
World’s biggest private wealth managing bank UBS, manages world’s billionaire’s wealth, is defending the rights of billionaires, arguing they are better corporate leaders and receive unfair criticism in the media. Josef Stadler, head of the Ultra-High net worth unit at UBS said” Billionaires should be recognised’. UBs released a report showing that listed companies run…
The Great universal connects agriculture and climate to trade and exchange to traditions and cultures to identity and politics. Ned Palmer’s A Cheesemonger’s History of the British Isles, is a canon of food-centric histories begun with Mark Kurlansky’s Cod (1997). How we feed ourselves can tell us as much about who we are and where…
Laura Mulvey, 78-year-old academic coined the phrase “Male Gaze” and almost 45-years-ago ignited a generation of feminists with her concept in 1`975, to describe the dominant assumption “ Sexual imbalance” in Hollywood that the perspective film-maker and view is male, and how it strategically positions men as spectators and women as objects, is now reaching…
Walgreens Boots Alliance has held talks with a private equity group on a $70bn deal to go private. Aggressive deal making by Stefano Pessina the Italian billionaire who owns 16 per cent of the global pharmacy group has assembled a business that spans 25 countries and generates $34bn in revenues. Shares in the company rose…
Mothercare, the baby product retailer is set to appoint administrators to its UK business, with over 2, 000 job losses. The company said it had filed a notice of intent to appoint administrators to Mothercare UK and Mothercare Business Services. Mothercare shares fell 23 per cent to 8,7p yesterday morning well below the 19p level…
A recommendation by an all-party parliamentary group would bring maximum stakes on slot-machine –style online games to the level introduced for fixed odds betting terminals, slot machine notoriously known as “crack cocaine”. Share in UK betting companies plummeted yesterdays after MPs called for a £2-per-bet limit on online games to combat “public health crisis”…
Saudi Aramco launched its public offering yesterday kicking off Crown Prince Mohammed bin Salman’s ambition to overhaul the kingdom’s oil addicted economy. The IPO, a landmark in Prince Mohammed’s drive on his pledge to modernise the kingdom, was tipped to be the world’s largest, hoping to raise in excess of $60bn with a sale of…
World Vegan day is on November 1st. The Vegan Society says half of all vegans are now aged between 15 and 34 and more adults have switched to a plant-based diet in the last three years. Veganism actually existed more than two hundred years ago in1874. Towards the end of World War II, Donald Watson…